The Graham Montrose Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01212364 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

THE GRAHAM MONTROSE COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R O Graham

Mr J A O Graham

SECRETARY:

Mr R O Graham

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

REGISTERED NUMBER:

01212364 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

2

204,145

211,007

CURRENT ASSETS

Stocks

6,305

7,442

Debtors

8,781

9,976

Cash at bank and in hand

95,726

113,986

110,812

131,404

CREDITORS

Amounts falling due within one year

53,307

54,828

NET CURRENT ASSETS

57,505

76,576

TOTAL ASSETS LESS CURRENT LIABILITIES

261,650

287,583

CREDITORS

Amounts falling due after more than one year

207

1,450

NET ASSETS

261,443

286,133

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

260,443

285,133

SHAREHOLDERS' FUNDS

261,443

286,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 July 2015 and were signed on its behalf by:

Mr R O Graham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover represents public house takings, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Leasehold property

-

write off over period of lease

Furniture & equipment

-

20% on reducing balance

Computer equipment

-

33% on cost

The directors consider that freehold properties are maintained in such a state of repair that their residual value is

at least equal to their net book value. As a result, the corresponding depreciation would not be material and

therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of the Financial Reporting

Standards for Smaller Entities (effective April 2008) to ensure that the recoverable amount is not lower than the

carrying value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

462,521

Disposals

(38,388

)

At 30 April 2015

424,133

DEPRECIATION

At 1 May 2014

251,514

Charge for year

3,226

Eliminated on disposal

(34,752

)

At 30 April 2015

219,988

NET BOOK VALUE

At 30 April 2015

204,145

At 30 April 2014

211,007

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

300

Ordinary A

£1

300

300

300

Ordinary B

£1

300

300

400

Ordinary C

£1

400

400

1,000

1,000